Allegiant Travel Company (NASDAQ:ALGT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Allegiant Travel Company (NASDAQ:ALGT) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $128.0769.

ALGT has been the subject of several recent analyst reports. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their target price for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. UBS Group raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Wednesday, July 8th. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Tuesday, July 7th. Morgan Stanley upped their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $98.08 on Monday. The business’s 50 day moving average is $97.51 and its 200 day moving average is $91.88. Allegiant Travel has a 12-month low of $42.56 and a 12-month high of $123.63. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -49.04, a PEG ratio of 0.26 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The business had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same period in the prior year, the firm posted $2.11 EPS. Allegiant Travel’s quarterly revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts forecast that Allegiant Travel will post 7.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 394 shares during the last quarter. Creative Planning boosted its position in Allegiant Travel by 29.1% in the second quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock worth $380,000 after purchasing an additional 1,558 shares during the last quarter. Hsbc Holdings PLC bought a new position in Allegiant Travel in the 2nd quarter valued at $350,000. Invesco Ltd. grew its stake in Allegiant Travel by 3.9% in the 2nd quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after purchasing an additional 4,602 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Allegiant Travel during the 2nd quarter valued at $654,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.